European Employment Strategy Additional tools To respond to the crisis and to speed up its economic growth, Europe needs to focus its efforts in a coordinated manner and with an eye on priorities. The Annual Growth Survey (AGS) charts a clear direction on where Europe should be heading in the next cycle of the "European Semester" , changing the way governments shape their economic and fiscal policies. CIP COSME 2014-2020 Additional tools What is COSME? COSME is the EU programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (SMEs) running from 2014 to 2020 with a planned budget of €2.3bn. COSME will support SMEs in the following area. Regulation establishing COSME 2014-2020 Programme COSME 2015 Work Programme and financing decision (29 October 2014).
Private Company Knowledge Bank Private equity represents a class of investors, their funds, and their subsequent investments, which are made in private companies or in public companies with the goal of taking them private. Private equity investments are primarily made by private equity firms, venture capital firms, or angel investors, each with its own set of goals, preferences, and investment strategies, yet each providing working capital to the target firm to nurture expansion, new product development, or restructuring of the firms operations, management, or ownership. Aside from the outline of the private company life cycle below, this chapter will focus primarily on private equity firms, which represent the majority of the money in the private equity industry and characteristically invest in the buy-outs of mature companies and venture capital firms, which typically make high risk equity investments in seed, early, and growth stage private companies. The Private Company Life-Cycle The Father of Venture Capitalism
Sony Kapoor and Peter Bofinger Overspending by governments, we have been told, triggered this crisis. The cure thus lies in immediate austerity, hence last month's German-led push for a eurozone fiscal compact and the UK's pursuit of similar policies. But, as demonstrated by the experiences of Greece, Portugal and Spain, this course leads to biting, deep recessions and worsens public indebtedness. The Myth of Europe - by Gareth Harding When the euro officially entered circulation at the stroke of midnight on Jan. 1, 2002, fireworks lit up the night sky across Europe to celebrate the scrapping of the French franc, German deutsche mark, Greek drachma, and a clutch of other ancient currencies. Brussels hosted an extravagant sound-and-light show, while Frankfurt unveiled a five-story statue of the freshly minted euro as a pop band belted out "With Open Arms (Euro World Song)." "I am convinced," European Central Bank President Wim Duisenberg declared, that the launch of euro coins and banknotes "will appear in the history books in all our countries and beyond as the start of a new era in Europe." The early 2000s did feel like the European moment.
How Austerity Is Killing Europe by Jeff Madrick On the last day of 2011, a headline in The Wall Street Journal read: “Spain Misses Deficit Target, Sets Cuts.” The cruel forces of poor economic logic were at work to welcome in the new year. The European Union has become a vicious circle of burgeoning debt leading to radical austerity measures, which in turn further weaken economic conditions and result in calls for still more damaging cuts in government spending and higher taxes.
Austerity has never worked Last week saw a string of bad economic news reports. The eurozone leaders seem unwilling or unable to change from their austerity policies, even as Greece and Spain fall apart and the core eurozone economies contract. Britain watches on as its economy is heading for the third consecutive quarter of contraction, with an unexpectedly sharp fall in manufacturing. Employment & Poverty - EAPN EAPN Ireland actively promotes the idea that everyone of working age should have access to a quality job. We are also concern ourselves at a policy level with (1) unemployment in a comparative European context, (2) comparative European responses to unemployment and the welfare state and (3) the strong and deeply damaging link between poverty and unemployment. EAPN Ireland convenes an Employment Working Group of mainly national community organisations which engages with a number of areas related to employment policy at national and European level. This section of the site is under under development to take into account a constantly evolving employment context at national and European level.
why is the EU important for anti-poverty? Why is the EU important to anti-poverty groups? Since 2000 the Lisbon strategy set the objective of making a decisive impact on poverty and social exclusion by 2010. In 2010 this was replaced by Europe 2020.The EU can set minimum standards and rights – this has been increased through the adherence to the Charter of Fundamental Rights which has binding effect as part of the Lisbon Treaty.It can be a source of funding for community development and anti-poverty projects and opportunity to participate in transnational projects and mutual exchange. Social Europe: the History
Are Europe's leaders giving up on Europe's poor? Judging by their actions in recent days European leaders seem to be abandoning the most vulnerable people in Europe. At its meeting on March 25/6, 2010 the European Council failed to set targets on reducing poverty or addressing educational disadvantage. While the European Commission had proposed relatively modest targets on both issues to be two of the five headline goals for the Europe 2020 Strategy, these were not accepted by the Heads of Government. Instead they produced meaningless, aspirations in their ‘Conclusions’ published on March 26.
European Social Fund Spending allocation per country. Spending by demographics. The European Social Fund (ESF) is the European Union's main financial instrument for supporting employment in the member states of the European Union as well as promoting economic and social cohesion. ESF spending amounts to around 10% of the EU's total budget. The ESF is one of the EU Structural Funds, which are dedicated to improving social cohesion and economic well-being across the regions of the Union. Minister Social Protection outlines priorities for upcoming EU Presidency - Public Affairs Ireland The Minister for Social Protection, Joan Burton TD, this week outlined her priorities for the upcoming EU Presidency before the Joint Committee on Education and Social Protection. The Minister stated that an informal Ministerial Meeting of Ministers of Employment and Social Affairs would take place in Dublin, in February 2013. The theme of this meeting will be “Supporting People into Employment “and will focus mainly on the issue of youth unemployment. The meeting will be particularly timely as it will take place just two months after the EU Commission publish the Youth Transition Package in December 2012. Following publication of this package, the proposed “youth guarantee” is likely to be top of the agenda.
Economy needs human rights GENEVA (5 October 2012) – A group of United Nations independent experts on extreme poverty, external debt and equitable order reminded European Union governments that economic reforms must be crafted in line with the human rights obligations of States, following the release of a European-wide flagship study on the structure of the EU banking sector. Responding to the ‘Liikanen report’, which recommends a set of regulatory measures to shield taxpayers from future bailouts and avoid shocks to the financial system, the human rights experts urged EU authorities to ensure that vital public funds are not used on collapsing financial firms in the future. “States have obligations to take steps to the maximum of their available resources to ensure the respect, protection and fulfillment of rights,” said the UN Special Rapporteur on extreme poverty and human rights, Magdalena Sepúlveda. Mr.
IMF: We got effect of austerity wrong The IMF has admitted it completely underestimated the effects of austerity on the Irish economy and believed the tax increases and spending cuts would not have cost so many jobs. The revelation comes in three pages of academic analysis tucked away in the body’s annual report being released in Tokyo today where the IMF and the World Bank are holding their annual congress. The report says the IMF believed that for every €100 of austerity through higher taxes and spending cuts, the effect on economic growth and unemployment would be the equivalent of €50. But in reality the effect has been between double and three times that — stripping the economy of €90 to €150 for every €100 taken out in budgets agreed with the troika. Tom McDonnell of the independent think-tank Tasc said the report called into question the Government’s budgetary strategy. “It suggests recent budgets have actually been more damaging to the Irish economy than the Government was estimating.